Domain Holdings Australia Ltd Ordinary Shares
DHG: XASX (AUS)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
A$5.30 | Rzzdkvn | Pqg |
Domain Earnings: Bundling of Audience Boost a Potential Lift to Domain
We raise our fair value estimate for narrow-moat Domain by 4% to AUD 2.60 following its third-quarter trading update. The upgrade primarily reflects the time value of money. At current prices, Domain shares screen as materially overvalued and not reflective of Domain’s increasingly distant number two position behind wide-moat REA Group.